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Cardano Shows High Positive Sentiment Despite Weak On-chain Growth
- Cardano is experiencing high positive sentiment on social media according to Santiment.
- However, on-chain analysis shows a decline in active addresses and total value locked (TVL).
- ADA price is in a bearish trend, unable to break the critical level of $1.5.
- Cardano needs strong buyer support or a positive event to drive a price increase.
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